Exhibit 10.1 Change in Terms Agreement between Premier Financial Bancorp, Inc. and First Guaranty Bank, Hammond, Louisiana, executed on June 27, 2019, extending the maturity date of the Line of Credit to July 1, 2022, changing the interest rate to a daily floating rate indexed to the Wall Street Journal Prime Rate, and increasing the principal balance from $3.0 million to $6.0 million

$350.00   Extension Fee

$60,000.00 Origination Fee

$60,350.00  DUE AT CLOSING.

VARIABLE INTEREST RATE.  The interest rate on this loan is subject to change from time to time based on changes in an independent index which is the Prime rate as published in the Money Section of the Wall Street Journal.  When a range of rates has been published, the higher of the rates will be used. (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans.  If the Index becomes unavailable during the term of this loan, Lender may designate a substitute index after notifying Borrower.  Lender will tell Borrower the current Index rate upon Borrower's request. The interest rate change will not occur more often than each day.  Borrower understands that Lender may make loans based on other rates as well.  The Index currently is 5.500% per annum.  Interest on the unpaid principal balance of this loan will be calculated as described in the "INTEREST CALCULATION METHOD" paragraph using a rate equal to the Index, adjusted if necessary for any minimum and maximum rate limitations described below, resulting in an initial rate of 5.500% per annum based on a year of 360 days.  Under no circumstances will the interest rate on this loan be less than 4.250% per annum or more than the maximum rate allowed by applicable law.

CONTINUING VALIDITY.  Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect.  Consent by Lender to this Agreement does not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms.  Nothing in this Agreement will constitute a satisfaction of the obligation(s).  It is the intention of Lender to retain as liable parties all makers and endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing.  Any maker or endorser, including accommodation makers, will not be released by virtue of this Agreement.  If any person who signed the original obligation does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released by it.  This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.

PROCESSED BY.  JWC.

3 YEAR RLOC COVENANT. 30 DAY CLEAN-UP PERIOD, VERIFIED AT ANNUAL REVIEW. IF COVENANT IS NOT MET, THE EVERGREEN BALANCE WILL BE TERMED OUT AS PER LOAN POLICY GUIDELINES.

$30,350.00 ORIGINATION FEE/MAINTENANCE FEE DUE 1 AND 2 YEARS FROM BOOKING DATE.

By:  /s/ Robert W. Walker                          

ROBERT W. WALKER, President & CEO of

PREMIER FINANCIAL BANCORP, INC.

FIRST GUARANTY BANK

Adam J. Johnston, Loan Officer